Friday, 15 February 2013

Fairer Britain: Ed M says he'll bring back 10p tax rate paid for by new mansion tax

I am putting Labour where it should always have been, on the side of working people and families – with an economic recovery built by the many, not just a few at the top.

We would cancel David Cameron's millionaires' tax cut, and a One Nation Labour Government would make the tax system fairer by taxing mansions and reintroducing the 10p tax rate to help working families.  

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One Nation  Economy
 

David Cameron's economic vision is of a race to the bottom in wages and skills, rewarding those at the very top but leaving everyone else squeezed as never before.

The last two years show that David Cameron's approach doesn't work.  The economy isn't growing – it has now flatlined for over two years, and the deficit is going up.

I believe that we can only build prosperity, when everyone plays their part in building our economy.

A fair tax system is a central part of building a successful One Nation economy. That's why we would use the money raised from taxing houses worth over £2m million to cut taxes for working people, reintroducing the 10p tax rate.

A One Nation Labour Government would cut tax for millions – not give a tax cut to millionaires.

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If we all do our bit we can do this.

Thank you

Ed Miliband